HMS Industrial Networks acquires Beck IPC
Beck IPC provides solutions for embedded control, M2M communication and the Industrial Internet of Things, IIoT. The company’s IPC@CHIP technology forms the core of Beck IPC’s product range. Beck’s offerings also includes the comprehensive com.tom edge gateway series with the associated cloud portal.
HMS paid EUR 5 million in cash on a cash-free/debt-free basis, with the possibility of a further EUR 2 million payment in 2020 if Beck IPC reaches defined financial targets. Beck IPC GmbH is expected to have net sales of EUR 6-7 million in 2018.
“We are excited to be joining HMS. Thanks to our complementing technologies we will be able to offer innovative, cutting-edge solutions within IIoT, and HMS’s worldwide sales organization will ensure a global market reach,” says Thomas Schumacher, Managing Director of Beck IPC GmbH.